Psi insurance exam Study guides, Class notes & Summaries

What must the policy summary in a life insurance policy include?1. conditional receipt and the insurer's home office address2. reserve deposits.3. the name and address of the insurance agent or broker4. definition of replacement. the name and address of the insurance agent or broker Which of the following statements is CORRECT about Medicare Supplement Insurance?1. An agent must provide an outline of coverage to an insured at the time of policy delivery.2. If an applicant has an existing ...

PSI Life Exam/Answered/Graded A+/Latest 2023/2024 What kind of retirement plan can a 75-employee for profit corporation establish? Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT failure to pay all claims that are reported within 90 days after a loss occurs The settle...

PSI - NY Life, Accident and Health Insurance Agent Practice Exam 17-55 Questions and Answers 2022/2023 | 100% Correct Verified Answers

CA- PSI- Life, Accident & Health Exam With 100% Correct Answers 2023 Reduced Paid Up Nonforfeiture option provides new whole life policy at reduced face amount of protection. Provides coverage for longest time. Extended Term Nonforfeiture option provides new TERM policy with same face amount of coverage as original policy Guaranteed Lifetime Withdrawal Annuity rider that assures owner will at least get amount paid for the annuity Guaranteed Minimum Income Rider that gua...

PSI Insurance Exam Questions and Answers Rated A+ What is it called when a life insurance policy pays a multiple of the coverage amount when certain types of accidents occur? - Answer ️️ -multiple indemnity Upon the issuance of a conditional receipt for a renewal when the premium is paid AFTER the time granted by the insurer, what is the maximum amount of time for reinstatement of the policy? - Answer ️️ -30 days Which of the following statements regarding a pure life annuity payou...

PSI Insurance Exam (OH Life, Accident, and Health)-with 100% verified solutions 2024

PSI Insurance Exam Questions and Answers 100% Pass How can a licensee surrender any license for cancellation? -Answer-By submitting written notice or by delivering the license to the commissioner Practice Test Question: 6 All of the following are examples of misrepresentations that may not be made by an insurer, officer or agent thereof or an insurance broker or solicitor EXCEPT -Answer-the specific contract language ALL of the following are TRUE regarding the process to change the Califo...